Waitara is a mid-sized suburb in New South Wales within the Hornsby local government area (postcode 2077). With a population of 7,837, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $110K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, Indian, English.
The median house price in Waitara is $2.5 million, having moved lower by 3.8% over the past year. Units have a median price of $780,000 (+4% YoY). The current median weekly rent is $725. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,200.
Waitara is served by 1 school, including 1 primary. The average ICSEA score is 1153, which is well above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Hornsby LGA is low at 1,229 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.5% (low yield). Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.9x is considered stretched. House prices have moved -3.8% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.